CHARLOTTESVILLE, Va., Oct. 26, 2011 (GLOBE NEWSWIRE) -- StellarOne Corporation (Nasdaq:STEL) ("StellarOne"), announced today that its Board of Directors approved a quarterly cash dividend in the amount of $0.04 per share payable on November 25, 2011 to shareholders of record as of November 14, 2011. The payment represents an annual yield to shareholders of approximately 1.5% based on the closing price of StellarOne stock on October 25, 2011.
About StellarOne
StellarOne Corporation is a traditional community bank, offering a full range of business and consumer banking services, including trust and asset management services. The Corporation's sole banking affiliate, StellarOne Bank, operates 54 full-service financial centers, one loan production office, and 62 ATMs serving the New River Valley, Roanoke Valley, Shenandoah Valley, and Central and North Central Virginia.